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US Oil & Gas: Irish Danish Crapshoot in Nevada

By Tom Winnifrith | Saturday 17 November 2012


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I have been urged to tip shares in US Oil & Gas all summer. I resisted the urge. Every day an email or a tweet seemed to land one of a dedicated band of believers pointing out how the shares were already a 100 bagger as they headed up to £6.90. The believers reckoned that fair value was anywhere between £15 and £100 per share and that I should get on board as soon as possible. Today they are 89p. They were 35p on Thursday before the CEO embarked on a media blitz to start the ramp all over again. So should I clamber on board now? Er...



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